I see sudden mass popups of silver for sale.

Pirocco

Pirocco

Well-Known Member
I remember from the past that everytime you see on auction sites a big increase in people throwing silver coins for sale, quickly reacting and selling, and that shortly afterwards the price plummets.
Since a couple days this is again the case.
I'm happy I didn't shoot my last years ammo, despite the claimed/suggested (and wrong) German higher tax on silver and other stories that flooded the scene.
Ready to add! :D
 
Certainly now is a good time to buy. The current environment clearly demonstrates the different dynamic of stacking versus investing. Though not totally incompatible, the former is a long term insurance based mentality with any losses considered the cost of the insurance, whilst the latter is a commercial proposition. It also demonstrates the addictive nature of stacking where all spare money goes to purchases with little or no reserves left for contingencies. Thus we are seeing investors bailing out of a bad situation plus the cash starved, disillusioned by the drop in spot, also selling up.

I guess when we back the truck up in this environment, we back over the carcasses of those who were once like us.
 
sammysilver said:
Certainly now is a good time to buy. The current environment clearly demonstrates the different dynamic of stacking versus investing. Though not totally incompatible, the former is a long term insurance based mentality with any losses considered the cost of the insurance, whilst the latter is a commercial proposition. It also demonstrates the addictive nature of stacking where all spare money goes to purchases with little or no reserves left for contingencies. Thus we are seeing investors bailing out of a bad situation plus the cash starved, disillusioned by the drop in spot, also selling up.

I guess when we back the truck up in this environment, we back over the carcasses of those who were once like us.
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why would you back the truck up now.

This silver price will be here with us for another couple of years to come

you have plenty of time to add to your stack over those years

And sammy lol @ $36 by easter -- aint gonna happen
 
Court Jester said:
why would you back the truck up now.
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Because it is an opportune time to buy. I think I'm missing something with you. I have disposable income every couple of weeks to do with as I wish. There is more than one bite to the cherry for me. If it goes up, I'll buy; if it goes down, I'll buy. I'm a stacker, not an investor.

However, and this is the rub, I'm a good time Charlie boy; if I put a couple of thousand a way to next month, there may only be a thousand waiting for me. Spot would need to hit $10 before I take a loss.
 
Pirocco said:
I'm happy I didn't shoot my last years ammo, despite the claimed/suggested (and wrong) German higher tax on silver and other stories that flooded the scene.
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tbf I think you're firing blanks anyway
 
sammysilver said:
Court Jester said:
why would you back the truck up now.
Click to expand...

Because it is an opportune time to buy. I think I'm missing something with you.
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That is your opinion which has been shown to be incorrect in the past

I think these low prices are here to stay for a while and may drop even a bit more and you would be an absolute idiot to "back the truck up" now.
 
The thing about backing up the truck now is that no matter what happens, you have a truck full of actual silver.
 
JulieW said:
The thing about backing up the truck now is that no matter what happens, you have a truck full of actual silver.
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Not if the truck gets repossessed because you spent all your money stacking silver. :lol:
 
dccpa said:
JulieW said:
The thing about backing up the truck now is that no matter what happens, you have a truck full of actual silver.
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Not if the truck gets repossessed because you spent all your money stacking silver. :lol:
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You miss the point, you don't spend all your money, Secondly, you have all that silver. Thirdly you own the truck.
 
I am yet to see someone saying the time is wrong to load up.
No matter what, there seems to be plenty of justification as to why it is a good time to buy.
This should be a warning sign something is not right.
 
Still concerned that the Aussie dollar will continue to fall against the greenback at least while the US taper is in place. So buying now in Australian dollars can be justified even if the price keeps falling in US dollar terms. I certainly don't care if I miss the bottom by a couple of dollars if I've already got a decent holding while still keeping some 50 cal "ammo" up the sleeve
 
"You miss the point, you don't spend all your money, Secondly, you have all that silver. Thirdly you own the truck."

sell the truck
buy gold and silver
use a courier
 
Phiber said:
I am yet to see someone saying the time is wrong to load up.
No matter what, there seems to be plenty of justification as to why it is a good time to buy.
This should be a warning sign something is not right.
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Ordinarily perhaps so. But you're on a precious metals forum!
 
i think maybe the people that "know" it will stay sideways should sell options of their silver on this site. Eg. $200 option to buy a stack of lets says 100 oz at current spot +3% for say 3 months. If in 3 months nothing happens they get themselves a nice $200 profit if it does rise substantially then they part with that 100 oz at todays spot + 3%
 
Phiber said:
I am yet to see someone saying the time is wrong to load up.
No matter what, there seems to be plenty of justification as to why it is a good time to buy.
This should be a warning sign something is not right.
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The thing is, when you see alot people placing silver coins for sale, these people must have reason to do so, and it's unlikely they all need the fiatmoney at the same time, so if they want to sell, it means that they think the price will be driven lower in a near future.
I wonder what futures net position the COT report will show this evening. It will be for 28/01, the fallback of the small uptrend (to $20.3) we had.
The previous COT report showed a small 'improvement' (being a lower position at a same price, a trend reversal or interruption), if the new one will continue that reversal I might consider to buy this weekend. But I'm not in a hurry, there is plenty (big stocks) reason for silver to go sideways for at least a couple years, and if silver ETF shareholders decide to exit, an entire decade. At least without general inflation popping up.
 
Lots of people in Australia have bills to pay for xmas/holidays and the start of the new school year.

Dont know about the rest of the world but here there is a spike in people selling at the end of Jan. because they need cash.
 
Eureka Moments said:
Lots of people in Australia have bills to pay for xmas/holidays and the start of the new school year.

Dont know about the rest of the world but here there is a spike in people selling at the end of Jan. because they need cash.
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In the part of the world I know, people get "end of year bonus" from their employers. Some kinds of these named as "13th month".
And so far I didn't notice a correlation between these mass silver sales and 'bills concentrations'. Instead, and as said in the 1st line of this topic: I saw a correlation with price 'smackdowns' shortly after.

About the Comex position (USD spot):
28/01/2014 21033 $19.59
21/01/2014 23951 $19.93
14/01/2014 24809 $20.05
07/01/2014 25529 $19.7
31/12/2013 24772 $19.43
24/12/2013 19686 $19.495
17/12/2013 19245 $19.87
10/12/2013 17532 $20.29
03/12/2013 12165 $19.06
26/11/2013 16428 $19.88
...
06/08/2013 10300 $19.43
...
02/07/2013 7769 $19.44
25/06/2013 4093 $18.925

A position below 10000 is a 12 years recordlow, the last series of such lows happened during the 9/11 crisis of 2001.
A position below 5000 is a 15 years recordlow, previous one was the Asian Contagion Fiancial crisis of 1997.
On the other hand, silver ETF's didn't exist back then, and Mints annual sales were 10% of now.
Governments annual sales were 1000% of now though, so the statement could be made that ETF's replaced governments buying, and will in the future replace governments selling.
Put in short: a lot reason for King Sideways Rule haha.

Btw, I noticed that the dealer I intend to purchase next coins from, has since yesterday evening a same Phil price at spot $19.16 as the one he had when spot was $19.55.
Sucks eh? That means that he first wants to get rid of his existing stocks at the higher price and buying then equals being the sucker giving him this reserved profit.
I think it's gonna need a longer (months?) $19 hovering before them willing to adapt to the lower market price. So far 'market' price eh? They have less problem adapting when it goes up haha.
 
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